New Information Post Passing of the C.A.R.E.S. Act…
You may have missed our announcement about our CARES Act Overview and Resource Center
This post has many critical resources that are also in our resource center which I wanted to highlight, as well as updated information we have put together from all of our research.
We believe that the “PPP loan to grant” program is worth reviewing. We have gotten word that our banking partners do not have complete information yet, but you can start the process using this link. We did this for our firm and found that the site is very user friendly.
We are contacting our business clients directly to offer more information on this and other programs and will send a link to a closed video chat for this as well.
HIGHLIGHTED RESOURCES
Link to the IRS Economic Impact Payments Home Page which is a great “Q & A” IR-2020-61: Economic impact payments: What you need to know –distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people.
If you are wondering if your business is eligible for Economic Injury Disaster Loans (EIDL) for immediate cash you can read our Weekly Digest for March 30, in our resource center “Emergency Cash Grants “. The link for the application is on that page as well.
Link to Phase III Coronavirus Package // Oversight Provisions
Link to Phase III Coronavirus Package // General Questions
Link to Phase III Coronavirus Package // Tax-Related Provisions
Link to SBA Loan Application Landing Site
and Access to the Coronavirus Emergency Loans Small Business Guide and Checklist and Link to the SBA 7A Loan Application
Are you wondering if you are eligible for unemployment assistance?
Link to the CARES Act: Unemployment Insurance Questions Answered
Link to CARES Act page on N.Y.S. Department of Labor website: You can also click through for a list of covered workers under the Pandemic Unemployment Assistance (PAN), also available on the website.
Link to NYC Employee Retention Grant Program
Again our best wishes that you, your family and friends and those on the front lines stay safe through these trying times.
Please get in touch with us if you have any questions.